Question: Is an FHA or 203K loan better than a conventional loan for purchasing your first multifamily property?Hello!I just got off the phone with a mortgage loan officer. Backstory: My plan is to obtain pre-approval...
Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
I have a mortgage on my home through rocket mortgage. I received a letter say my payment is increasing do to the mortgage insurance increasing. Is this legal? I’m assuming it’s because I have a 2.75% interest rate and...
I was looking at a HUD property and my Relator suggested I call the building department of the town it was in. Talked to a great guy who did know tons about the property, like it was flooded for severs months and had ...
Hello!Thanks in advance for engaging in my question. I'm in the process of hunting for my first deal in Houston, Texas. Which do you think is better or the pros/cons to protect my personal assets outside of the invest...
I currently have my own residence with a 5.25% fixed interest rate with excellent credit that I have lived in for 2 years. I am planning on living in the home for another 3-4 years.
I looked into refinancing my lo...
My Sale is this weekend, and I will use a title co, on advice of a RE attorney.
The Title co sent me papers to fill out. One of them is the who pays sheet. Who usually pays for the following, the seller or the buyer, ...
Good evening, I am in the process of refinancing my current home to cashout, buy a second home as primary and keep my original home as a rental. My wife and I are on the deed to the first but she wants no part of the ...
Hello folks!I am closing on my first package of multi-family properties here in less than a month.I will end up with 1 quadplex, 3 duplexes, and one 1br/1ba little block house.My question is how to handle my insurance...
I'm currently looking to purchase a second home. It's a good deal and my wife and I are looking at a debt to income ratio of 44%. My question is, will we be able to get another home loan if our debt to income ration i...